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CBiz Inc. buys Payroll Control Systems

CBiz Inc. (NYSE: CBZ) said it has acquired certain assets of Diversified Industries Inc., which does business as Payroll Control Systems.
The Independence-based provider of accounting and other business services did not say what it paid for Payroll Control Systems, which is headquartered in Brooklyn Center, Minn., and provides payroll, time and labor, and human resources services to more than 1,400 small and midsize clients. CBiz said the acquisition is expected to add 37 employees and about $6 million to its annualized revenue.
Steve Gerard, CBiz chairman and CEO, said the transaction “will result in increased operating efficiencies and additional sales talent within the Midwest region of our payroll division, which will augment our current East region operations in Roanoke, Va., and West Coast operations in Palm Desert, Calif.”